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Government disembarks from King’s Cross Central

Kings-Cross-Central

Savills and Lazard have been appointed to sell the stakes held by the government and DHL Supply Chain in the King’s Cross Central Partnership.

The government owns 36.5% through subsidiary London & Continental Railways, while DHL controls 6%.

The two interests in the 5.8m sq ft masterplan are expected to fetch more than £400m. Argent controls 32.5%, while AustralianSuper owns one quarter.

Tenants include Havas and Google. When completed in 2020, the 67-acre estate is expected to have a value of £5bn.

Lazard will act as financial adviser, with Savills as real estate adviser.

Prospective investors have until 7 September to register interest.

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